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. >> we saw vice president biden instrumental in getting this deal done on the senate side. met with the democratic caucus on the house side this morning. can he move republicans? >> it doesn't appear so. not on the house. he met with p nancy pelosi and other democrats today. but it does not appear that the republicans in the house are going to send the bill back to the senate and doesn't appear had a vice president biden is making my headway with those gop republicans. >> all right. jennifer johnson, live on capitol hill with the latest. jennifer, thank you. could be a long night. certainly a long week already. >>> stay with news4 for the up-to-the minute on the information on the fiscal cliff. we will be monitoring lawmakers on the hill and have an update in the next half hour. of course, you can always get details on nbcwashington.com. >>> breaking news right now. related to the child sex abuse scandal involving former penn state football coach jerry sandusky. the governor of pennsylvania says he plans to sue the ncaa over sanctions it imposed against the team. the univer
. >> we saw vice president biden instrumental in getting this deal done on the senate side. met with the democratic caucus on the house side this morning. can he move republicans? >> it doesn't appear so. not on the house. he met with p nancy pelosi and other democrats today. but it does not appear that the republicans in the house are going to send the bill back to the senate and doesn't appear had a vice president biden is making my headway with those gop republicans. >> all...
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Dec 31, 2012
12/12
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WMAR
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joe biden is playing a direct role in the talks. they remain at odds over the across the board cuts to government programs and defense set to go in to effect. they are divided on taxes. the white house wants to raise rates on people making more than 250,000 dollars a year. republicans would like to keep the estate tax from going over. >> we have to make sure taxes on middle class families don'ts go up that would hurt our economy badly. >> i placed a call to the vice president, to see if he could jump start the negotiations on his side. i want everyone to know i'm willing to get this done. i need a dance partner. >> if there is no deal today, the average american family will start with a $3400 tax hike. >>> hilary clinton is waking up in the hospital, secretary of state was admitted to the presbyterian hospital. the clot stems from a concussion stuffed a number of weeks ago. her doctors discovered it during a follow up exam sunday. she has been out of work for weeks, recover from a stomach virus and a concussion. doctors are treating
joe biden is playing a direct role in the talks. they remain at odds over the across the board cuts to government programs and defense set to go in to effect. they are divided on taxes. the white house wants to raise rates on people making more than 250,000 dollars a year. republicans would like to keep the estate tax from going over. >> we have to make sure taxes on middle class families don'ts go up that would hurt our economy badly. >> i placed a call to the vice president, to...
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. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class a tax hike but raised taxes on those making over $400,000 a year. jobless benefits from extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now the chance to vote on the bill as they say boehner promise. >> until now our speaker has head when the senate acts, we will have a vote in the house. that is what he said. that is what we expect. that is what the american people deserve. >> to forge a constructive solution for the good of the nation. >> reporter: with an opening prayer appealing for come prom ties house went into session at noon. the republicans complained there's not enough deficit reduction. >> in the plan, another trillion dollars worth of debt on the american people. >> reporter: some democrats support the plan to prevent more financial instability. >> my district can't afford to wait a few days and have the stock market go down 300 points if we don't do something.
. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class a tax hike but raised taxes on those making over $400,000 a year. jobless benefits from extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now the chance to vote on the bill as they say boehner promise. >> until now our speaker has head when the senate acts, we will have a...
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Jan 1, 2013
01/13
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vice president biden -- i know who that is. that is senator mcconnell's spokesperson up there, don stewart who is regaling reporters with some kind of details about behind the scenes. stu is telling the reporters from the republican point of view. ed, what about from the white house point of view you about how this deal came to be and what it looks like? >> as mike laid out he s exactly right that vice president biden, of course, played a pivotal role. known as the mcconnell whisperer as somebody who when you go back to the debt ceiling debate about a year and a half ago he unsticked that when it was stopped up. he was brought in sort of as the closer again yesterday to try to move this along. it is not a completely done deal yet. as you noted this sequester came about all because the cuts were supposed to be so onerous that lawmakers in both parties would never let them go through and yet they he went right up to the edge here. this is important this s just as mike said a two month buydown. shut out the cuts for two months. co
vice president biden -- i know who that is. that is senator mcconnell's spokesperson up there, don stewart who is regaling reporters with some kind of details about behind the scenes. stu is telling the reporters from the republican point of view. ed, what about from the white house point of view you about how this deal came to be and what it looks like? >> as mike laid out he s exactly right that vice president biden, of course, played a pivotal role. known as the mcconnell whisperer as...
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. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class the tax hike but raised taxes on those making over $400,000 a year. jobless benefits were extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now want the chance to vote on the bill and as they say boehner promised. >> until now our speaker has said when the senate acts, we will have a vote in the house. that is what he sped. that's what we expect and that's what the american people deserve. >> to forge a constructive solution for the good of the nation. >> reporter: with an opening prayer appealing for compromise, the house went into session at noon. the republicans complained there's not enough deficit reduction. >> in the present plan, put nearly another trillion dollars of debt on the american people. >> reporter: some democrats is port the plan to prevent more financial instability. >> my district can't afford to wait few days and have the stock market go down 300 points
. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class the tax hike but raised taxes on those making over $400,000 a year. jobless benefits were extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now want the chance to vote on the bill and as they say boehner promised. >> until now our speaker has said when the senate acts, we...
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Dec 30, 2012
12/12
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WBAL
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so mcconnell called for help, phoning vice president biden who came to the white house today and now part of the talks. >> i want every ton know i'm following get this done. but i need a dance partner. >> reporter: majority leader harry reid acknowledged democrats were stuck and he, too called for help. >> i have a number of conversations with the president and at this stage, we are not able to make a counteroffer. >> reporter: democrats blamed republicans for a "major setback" when mcconnell suggested chances to social security that would mean that future increases in payments to seniors would be smaller. >> we are not going to have any social security cuts. at this stage, that just doesn't seem appropriate. >> reporter: a number of republican senators backed off, saying they keep social security off the table, but want democrats to do more to reduce the deficit u. >> republicans don't want to see new revenues, in other words, democrat tax increases, be used for new spending. and so that's sort of where where many of our members are drawing the line right now. >> reporter: i asked a
so mcconnell called for help, phoning vice president biden who came to the white house today and now part of the talks. >> i want every ton know i'm following get this done. but i need a dance partner. >> reporter: majority leader harry reid acknowledged democrats were stuck and he, too called for help. >> i have a number of conversations with the president and at this stage, we are not able to make a counteroffer. >> reporter: democrats blamed republicans for a...
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Dec 31, 2012
12/12
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congressional leaders and vice president biden are struggling to avoid the fiscal cliff. those negotiations continue this morning. nancy cordes is on capitol hill. nancy, good morning. >> reporter: good morning to you, norah. they have appeared to move closer to one another. democrats have come way up from the president's longstanding position that the bush tax cuts should expire for all household income over $250,000 a year. republicans have come way down from speaker boehner's insistence that that limit be set at a million dollars. and so if there's a deal today, and that's a big "if," you can expect it would be set around $400,000, $500,000, $600,000 a year, so certainly 90, 95% of americans would be keeping their tax cut. one of the biggest sticking points for the republicans right now appears that this deal doesn't include significant spending cuts. in fact, it contain as lot of new spending and so that is one major issue that's going to have to be ironed out. and if they don't get an agreement today by the deadline, the big question, norah, is do the two sides conti
congressional leaders and vice president biden are struggling to avoid the fiscal cliff. those negotiations continue this morning. nancy cordes is on capitol hill. nancy, good morning. >> reporter: good morning to you, norah. they have appeared to move closer to one another. democrats have come way up from the president's longstanding position that the bush tax cuts should expire for all household income over $250,000 a year. republicans have come way down from speaker boehner's...
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Dec 28, 2012
12/12
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president obama, the vice president biden that will be there. speaker boehner they'll be in this meeting. to you here, chip -- not chip, sorry. to you here, blake, where do they begin? >> i think there's on this one way to get the deal done, and that's through the senate. probably highly unlikely, and then you would have to impress upon jane boehner, so i think we're looking at a very small likelihood we have any sort of significant deal other than a plan that lowers taxes. >> so you're somewhat pessimistic. what about you, robert? >> cautiously optimistic. he's exactly right. the only other thing i think could happen is in fancy pelosi, who quite franly has a stronger hand, is able to get enough democrats on her side to actually push this over the top with moderate republicans. let's be honest about this. speaker boehner tried and he nailed. so is there a minority/majority coalition to come together to get something through the house. >> does it come from mcconnell? >> that's the other question is whether or not senator mcconnell plays along. i
president obama, the vice president biden that will be there. speaker boehner they'll be in this meeting. to you here, chip -- not chip, sorry. to you here, blake, where do they begin? >> i think there's on this one way to get the deal done, and that's through the senate. probably highly unlikely, and then you would have to impress upon jane boehner, so i think we're looking at a very small likelihood we have any sort of significant deal other than a plan that lowers taxes. >> so...
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Dec 30, 2012
12/12
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. >> frustrated with the impasse, republican mcconnell said he called vice president biden, urging him to get involved. >> i'm concerned about the lack urgency here. i want erch to know i'm willing to get this done, but i need a dance partner. >> reporter: after a roller coaster of a weekend, the bottom line is, there is still no deal. although the white house says the president remains modestly optimistic and harry reid said they would work through the night. but of course time is almost out. >> and millions are americans are watching. jon carl at the white house tonight, jon, thank you. >> the president meanwhile making headlines with tough talk about gun control in his second term in the wake of the shootings in newtown, connecticut. you'll remember the president tearing up as he addressed the nation on the day of the shooting. today the president recalled that day. >> this is something that -- you know, that was the worst day of my presidency. it's not something that i want to see repeated. >> the president going on to say he supports banning assault rifles and high capacity clips,
. >> frustrated with the impasse, republican mcconnell said he called vice president biden, urging him to get involved. >> i'm concerned about the lack urgency here. i want erch to know i'm willing to get this done, but i need a dance partner. >> reporter: after a roller coaster of a weekend, the bottom line is, there is still no deal. although the white house says the president remains modestly optimistic and harry reid said they would work through the night. but of course...
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Dec 24, 2012
12/12
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especially if vice president joe biden and this inter-agency task force with muster enough support for it? >> it may be that there's more interest in a high capacity magazine ban. now, of course, it's interesting to hear a republican like kay bailey hutchison saying she's willing to look at that time. of course, she's leaving the senate. we haven't heard a lot of talk about high capacity megazeenz from other republicans who will be around. so, you know, the two things, that may have more prospect of passing. the trick with the assault weapons ban is going to be this. there was one ten years ago. there's no agreement on whether it was effective or not. the advocates say it was. some studies say it's hard to describe whether there's any decrease in crime. the other thing is the term assault weapons, of course, is arbitrary. what the advocates of voelz of restrictions say is that any weapon, any semiautomatic rifle that has a military style design and a detachable magazine and certain other features should be classed as an assault weapons ban and restricted. the trick is how do you do tha
especially if vice president joe biden and this inter-agency task force with muster enough support for it? >> it may be that there's more interest in a high capacity magazine ban. now, of course, it's interesting to hear a republican like kay bailey hutchison saying she's willing to look at that time. of course, she's leaving the senate. we haven't heard a lot of talk about high capacity megazeenz from other republicans who will be around. so, you know, the two things, that may have more...
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Dec 30, 2012
12/12
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he was sworn in by vice president joe biden thursday. before his appointment, he served as a whole yes' lieutenant governor. -- he served as hawaii's lieutenant governor. the head of the environment protection agency is stepping down after four years. the tenure was notable for the high-profile fights against global warming the keystone oil pipeline, and new revelations of a coal-fired plant. jackson is expected to step down as president obama has a state of the union address. >> the president of the nra is weighing in on david gregory and his decision to put a high capacity ammunition clip on meet the press, which also caught the attention of d.c. police. >> there are two lessons don't ask the government what is legal and what is not legal because half the people don't know, and second that is a silly felony. >> it is illegal to have the high ammunition high capacity ammunition clip in the district. they say the incident demonstrates how outdated some gun laws are. a local man who has spent years on death row could soon be out of prison
he was sworn in by vice president joe biden thursday. before his appointment, he served as a whole yes' lieutenant governor. -- he served as hawaii's lieutenant governor. the head of the environment protection agency is stepping down after four years. the tenure was notable for the high-profile fights against global warming the keystone oil pipeline, and new revelations of a coal-fired plant. jackson is expected to step down as president obama has a state of the union address. >> the...
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Jan 1, 2013
01/13
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the white house sent vice president joe biden here to capitol hill to broker a deal in the house like he did in the senate. house democrats are welcoming his help. >> i think we have made gigantic progress, i hope we can have a bipartisan agreement as we go forward. >> reporter: congress' inability to reach a deal has been frustrating to voters. >> they shouldn't have waited right until the deadline, but that's typical. >> reporter: even though the country officially went over the fiscal cliff at midnight, monday, the senate version of the bill makes all tax cut extensions retroactive to the beginning of the year. and if the house decides to amend this bill they will send it back to the senate. house gop members will meet again this evening. actually within the next half hour. that meeting is scheduled then. live on capitol hill, danielle nottingham, matt back to you. >> danielle, thank you very much. >>> earlier today the white house released a fact sheet on the deal. for starters it would permanently extend middle class tax cuts, extending credit for working families, raises $626 bi
the white house sent vice president joe biden here to capitol hill to broker a deal in the house like he did in the senate. house democrats are welcoming his help. >> i think we have made gigantic progress, i hope we can have a bipartisan agreement as we go forward. >> reporter: congress' inability to reach a deal has been frustrating to voters. >> they shouldn't have waited right until the deadline, but that's typical. >> reporter: even though the country officially...
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Dec 29, 2012
12/12
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FOXNEWSW
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for example, on the on the other side, ryan debate against biden, he dance today the questions and never once did he turn to the audience hearing shear more media bias. the audience would have loved it independents would have agree that the media are biased against republicans. >> jon: all those debates, did they illuminate the process the presidential campaign? >> i think they did. first of all they were catnip for reporters. there were thousands of reporters. it was amazing that anything else got covered. when you have that many debates. you got to see these candidates and it was wide range of candidates, really demonstrating a capability or lack of capability on complex issuess. the voters made up their minds. you saw one media promoted figure fall after they couldn't stand the scrutiny that came upon a front-runner. >> jon: obama campaign made clear attempts of trying to demonize mitt romney. they settled on him as eventual challenger. media, as well. there was a newsweek cover poking fun at mitt romney's mormonism for example. >> media is a target rich environment. they are trying d
for example, on the on the other side, ryan debate against biden, he dance today the questions and never once did he turn to the audience hearing shear more media bias. the audience would have loved it independents would have agree that the media are biased against republicans. >> jon: all those debates, did they illuminate the process the presidential campaign? >> i think they did. first of all they were catnip for reporters. there were thousands of reporters. it was amazing that...
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Dec 31, 2012
12/12
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KPIX
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mcconnell and biden get along much better than mcconnell does with president obama. in the last 24 hours, the administration has given ground on raising threshold for income tax rates and estate tax rates, but also demanded much more in new government spending the republicans are comfortable with. it's that division between spending and taxes that continues to divide both sides, and that is the one thing that may prevent a deal from being achieved in the final hours as we get nearer to the fiscal cliff. >> major garrett, thank you. senator is live on capitol hill. >> thanks for having me. >> if there's a deal today, why would you vote to extend tax cuts if there are no new spending cuts? >> that's the exact thing. the real problem is the spending. if you want to raise taxes -- and the president promised in the campaign he wanted to do that -- it's to pay down on the deficit. there's no evidence of any of that. that's a major sticking point. the democrats are divided on tax rates, on the death tax, on taxes on small business and the republicans are holding firm that y
mcconnell and biden get along much better than mcconnell does with president obama. in the last 24 hours, the administration has given ground on raising threshold for income tax rates and estate tax rates, but also demanded much more in new government spending the republicans are comfortable with. it's that division between spending and taxes that continues to divide both sides, and that is the one thing that may prevent a deal from being achieved in the final hours as we get nearer to the...
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Dec 31, 2012
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. >> one story is that much mcconnell had gone to speak with vice president biden. what can you tell us? guest: the republican leader calls joe biden off the bench. it is what we had been waiting for. the senate republican leader and the vice-president have a good working relationship. we saw that in the debt ceiling debate. they swooped in at the and down the made the deal happen. -- at the end and made it happen. it was an interesting move by mitch mcconnell to call joe biden today and try to jump- start these negotiations when they locked up with the majority leader on the democratic side. i think that will be something to watch here in the coming hours. how will it play? there are many concern that maybe you will cut a bad deal. will joe biden come in to embolden the republicans or will the democrats altogether across pennsylvania avenue? a big story line we are all watching now very closely. >> we hear senator reed wants to bring them back at 11. is it likely they will have some kind of deal or counteroffer in hand when the gavel back in? guest: i wish i could
. >> one story is that much mcconnell had gone to speak with vice president biden. what can you tell us? guest: the republican leader calls joe biden off the bench. it is what we had been waiting for. the senate republican leader and the vice-president have a good working relationship. we saw that in the debt ceiling debate. they swooped in at the and down the made the deal happen. -- at the end and made it happen. it was an interesting move by mitch mcconnell to call joe biden today and...
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Jan 1, 2013
01/13
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house democrats are meeting on capitol hill with vice president joe biden. he is there to explain the deal he and senate minority leader mitch mcconnell brokered and that the senate approved. >>> the white house is keeping a close eye on today's developments in the house. stay with msnbc for more updates. and now back to hardball. >>> two steps forward, one step backward. let's play "hard ball." >> let me start this last night of the year with this, two steps forward, one step forward, that's the year if you look at it. so many good decisions as a society. we saw the angry faces of reaction to demographic change in the beginning. the people bringing guns to political events. the faces of hatred in the birther mularkey. the dog whistling whether it was about the president or his surrogate, susan rice. guess what? none of it worked. it just didn't. who would have known how powerfully americans, america itself could not just reject but repel this nasty appeal. it didn't work. then we had the horror in newtown, connecticut. even animals cannot kill 20 victims in
house democrats are meeting on capitol hill with vice president joe biden. he is there to explain the deal he and senate minority leader mitch mcconnell brokered and that the senate approved. >>> the white house is keeping a close eye on today's developments in the house. stay with msnbc for more updates. and now back to hardball. >>> two steps forward, one step backward. let's play "hard ball." >> let me start this last night of the year with this, two steps...
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Dec 28, 2012
12/12
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CNNW
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vice president biden, harry reid, house minority leader nancy pelosi, mitch mcconnell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacation that he was optimistic. logistically the white house will tell you it's possible. when you listen to what you're hearing some of these congressional leaders say, there's a lot of posturing laying blame to the other side if we do go over the cliff. take a listen. >> republicans are not about to write a blank check for anything senate democrats put forward because we find ourselves at the edge of the cliff. >> we are here in washington working while the members of the house of representatives are out watching movies, watching their kids play soccer, basketball, doing all kinds of things. they should be here. >> now, house speaker john boehner is sa
vice president biden, harry reid, house minority leader nancy pelosi, mitch mcconnell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacation that he was optimistic. logistically the...
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Jan 1, 2013
01/13
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now everybody is talking about how great a job joe biden is doing. >> i'll tell you, joe biden and mitch mcconnel have served today for three decades. they know each other well. it was a good call to have the two of them negotiating. obviously the president was involved. the big thing about this is this was a big vote. it was 89-8. you had bipartisan support for this. the republicans wanted the senate to take the lead. they took the lead. they sent it to the house and they said they'd have a vote on it. my hope is they have a clean vote on a clean bill. then let the chips fall where they may. it is difficult for the republicans with canter going over the edge and it's tough. i mean is that's what's going on with john boehner? is he looking over his shoulders? we'll see. >> great question. is this a canter/john boehner showdown? >> may well be. canter has a bright future and he's playing smartly. he can do anything he wants after this. >> peter, i guess i'm curious, how does the senate which oftentimes looks like the adult in the room to begin with, how does the senate handle this? this i
now everybody is talking about how great a job joe biden is doing. >> i'll tell you, joe biden and mitch mcconnel have served today for three decades. they know each other well. it was a good call to have the two of them negotiating. obviously the president was involved. the big thing about this is this was a big vote. it was 89-8. you had bipartisan support for this. the republicans wanted the senate to take the lead. they took the lead. they sent it to the house and they said they'd...
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Dec 31, 2012
12/12
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WRC
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vice president joe biden is taking over as lead negotiator for the democrats. >> still time left to reach an agreement. we intend to continue negotiations. >> i want everyone to know i'm willing to get this done. but i need a dance partner. >> if a deal is not reached by midnight tonight, taxes go up for 9 out of 10 americans and 2 million people without jobs will not get unemployment insurance starting tomorrow. sharp cuts in defense spending and domestic programs will kick it in on january 2nd. >>> if nothing else, it looks like there will be a deal to keep the price of milk from skyrocketing. they have both agreed to an extension. that deal will avert a spike in milk prices to as much as $8 a gallon. the plan still has to be put to a vote in the house and senate sometime today. >>> we're following a developing story this morning. secretary of state hillary clinton will remain in a new york hospital today so doctors can treat her for a blood clot. they discovered the clot yesterday in a follow-up exam for the concussion from earlier this month. they won't elaborate but doctors are treat
vice president joe biden is taking over as lead negotiator for the democrats. >> still time left to reach an agreement. we intend to continue negotiations. >> i want everyone to know i'm willing to get this done. but i need a dance partner. >> if a deal is not reached by midnight tonight, taxes go up for 9 out of 10 americans and 2 million people without jobs will not get unemployment insurance starting tomorrow. sharp cuts in defense spending and domestic programs will kick...
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Dec 31, 2012
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the republican leader calls joe biden off the bench, right. this is kind of what we all had been waiting for. the senate republican leader and the vice president have a good working relationship. we saw that last summer in the debt ceiling debate. those two guys swooped in at the end and helped make a deal happen. when i talked to mcconnell's folks last week, they said, you know, the vice president has been on the sidelines here. we have not been contacted by them. we have not been contacted by the president. it was an interesting move by mitch mcconnell to call joe biden today and try to jump-start these negotiations when they locked up with the majority leader on the democrat side. that will be something to watch in the coming hours. democrats are concerned he will cut a bad deal. they're feeling pretty good right now. will joe biden come in an emboldin the republicans or will the dems hang together across pennsylvania avenue from the white house to congress. a big storyline that we're all watching very closely. >> now that we here that they
the republican leader calls joe biden off the bench, right. this is kind of what we all had been waiting for. the senate republican leader and the vice president have a good working relationship. we saw that last summer in the debt ceiling debate. those two guys swooped in at the end and helped make a deal happen. when i talked to mcconnell's folks last week, they said, you know, the vice president has been on the sidelines here. we have not been contacted by them. we have not been contacted by...
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Dec 24, 2012
12/12
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the joe biden thing, we underestimate him. he's a sitting vice president. >> vice president of the united states. >> vice president of the united states. >> a secret weapon out there. >> it's a weird thing. >> he is very good on the -- people -- he gets caricatured. if you watch him in -- on the stump, he's very good at connecting. >> look. >> he is. he does make mistakes. >> you loved him. >> i disagree. >> you love to mock him. you think he's a joke and done? >> i think he's been built in to the obama organization and how he flourished. i think he has a lot of people in the media that like him. i think if this were -- i hate to play my media bias card but as a republican caricatured much worse than he really is and i just don't see him having -- to stephanie's point, you cannot sort of borrow or live off of or be an heir to somebody else's organization. >> bush temporarily did it with reagan in '88 and didn't hold. >> nowadays you have to build and manage and own your own organization. >> i agree with that. there is no heir
the joe biden thing, we underestimate him. he's a sitting vice president. >> vice president of the united states. >> vice president of the united states. >> a secret weapon out there. >> it's a weird thing. >> he is very good on the -- people -- he gets caricatured. if you watch him in -- on the stump, he's very good at connecting. >> look. >> he is. he does make mistakes. >> you loved him. >> i disagree. >> you love to mock him. you...
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now vice president biden is said to be about 100,000 a year apart. biden is willing to preserve tax cuts for families making up to $450,000. mcconnell holding out for $550,000. a year. south carolina senator lindsey graham is not happy about it. >> in 2010 we extend the all the tax cuts because the economy was weak. in 2012, 2013, we're not going to extend the tax cuts the economy is weaker. i don't understand the economics but i do understand the politics. the president won. the president campaigned on raising rates. he will get a rate increase. >> reporter: we focus on the tax rates but that is not the only issue. the bigger issue is what the money is used for. the republicans want to use it to reduce the deficit. the democrats want to ease spending cuts for another year or so. gregg? gregg: wendell goler, thank you very much, live at the white house. we switch to the other end of the avenue and there is house speaker john boehner just arriving and, let's listen. >> [inaudible]. gregg: wow, we got a ephappy new year out of eric cantor. maybe i coul
now vice president biden is said to be about 100,000 a year apart. biden is willing to preserve tax cuts for families making up to $450,000. mcconnell holding out for $550,000. a year. south carolina senator lindsey graham is not happy about it. >> in 2010 we extend the all the tax cuts because the economy was weak. in 2012, 2013, we're not going to extend the tax cuts the economy is weaker. i don't understand the economics but i do understand the politics. the president won. the...
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go biden. i like this. cinc is a network. >> king is an independent. >> that's what i'm going to be watching. >> do you see the ce,of the servetive movement? >> i think it's hard for jim demint -- it's like this aol time warner merger. it makes a lot of sense on paper. we'll be able to overcome some of the institutional challenges. it's something that's out in the -- the think tank worl. >> we'll have more from the gaggle coming up. plus, the six-year itch,it's a bedrock of conventional wisdom. or is it just a made-up thing? second term president, supposedly struggling in his midterm. we'll let you know whether you think it's real or simply a coincidence. but, first, our special trivia question. who was the first president and who is the most recent president to officially start a term on a sunday? the answer and more is coming up on the daily rundown. we'll be right back. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing.
go biden. i like this. cinc is a network. >> king is an independent. >> that's what i'm going to be watching. >> do you see the ce,of the servetive movement? >> i think it's hard for jim demint -- it's like this aol time warner merger. it makes a lot of sense on paper. we'll be able to overcome some of the institutional challenges. it's something that's out in the -- the think tank worl. >> we'll have more from the gaggle coming up. plus, the six-year itch,it's a...
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the president has appointed vice president biden to come up with a task force to look of the issues. the president says that he promises real reforms now, but what are the odds on that? >> realistically, we can see a ban on assault weapons. whether that will address the problem, i do not think so. the problem is beyond the assault weapons. charles pointed out, in the post, there are some weapons out there now. there are thousands out there already in the community. >> and sales have gone up since this. >> that is all true but certainly we could do something about the size of these clips. having said that, we need to do something about our mental health system in this country. it is completely fallen apart. after the shootings at virginia tech, in the state of virginia, that appropriated $43 million more for mental health services. the next year, they cut it by $50 million. you cannot have a system that does not treat people. you cannot have a system that does not do something about committing people for -- more easily for periods of time to be able to treat them. it does not work. on
the president has appointed vice president biden to come up with a task force to look of the issues. the president says that he promises real reforms now, but what are the odds on that? >> realistically, we can see a ban on assault weapons. whether that will address the problem, i do not think so. the problem is beyond the assault weapons. charles pointed out, in the post, there are some weapons out there now. there are thousands out there already in the community. >> and sales have...
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on the democratic side, vice president biden, secretary of state, hillary clinton, bennett, jerry brown, elizabeth warren, and angus king who is an independent but will caucus with the democratics on the republican side. marco rubio, mike pence, jeb bush, and soon to be former senator from south carolina jim demint. joining me now, our end of the year gaggle, crystal lizza, perry bacon, stephanie cutter was the deputy campaign manager for obama's campaign, and madden was a senior adviser for romney's campaign. hello. happy new year, although we asked all of you to pick, i threw out my dozen and i asked you to pick two you were going to feedback. we're not going to do the 2016 conversation now, but we'll do it in a few minutes. who are the few who jumped out at you? >> i'm a little nierdy, so i picked michael bennet, the colorado senator, because he's the head of the committee which means he's tasked with trying to again keep a democratic senate majority, going to be difficult. you have 20 democratic seats up, only 10 republican seats up. >> and he wants to be senate majority leader some
on the democratic side, vice president biden, secretary of state, hillary clinton, bennett, jerry brown, elizabeth warren, and angus king who is an independent but will caucus with the democratics on the republican side. marco rubio, mike pence, jeb bush, and soon to be former senator from south carolina jim demint. joining me now, our end of the year gaggle, crystal lizza, perry bacon, stephanie cutter was the deputy campaign manager for obama's campaign, and madden was a senior adviser for...
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jared bernstein, former chief economist to vip biden, as well as a contributor. i want to start with the new statement from senator mitch mcconnell's office coming out says last night he called other lead serious. the leader is happy to review what the president has in mind, but to day date the majority has not put forward a plan. jared, is that good they're actually speaking, however far apart as it may sound, at least they're talking? >> it's a bit good. better to be talking than north. the unfortunate thing are the words they're saying. i don't hear much compromise or kind of conciliation in the statements we've heard thus far. i do hear a lot of theatrics, you go first, no you go first. it's strange to say the democrats haven't put forth any legislation on this, because in fact they have. in fact, a democratic majority in the senate passed a bill that's pretty similar to the compromise that the president was offering before he left for hawaii. that's the tax rates are froch for 250,000 and below, they go up for the top 2%, sequester gets kicked down the road,
jared bernstein, former chief economist to vip biden, as well as a contributor. i want to start with the new statement from senator mitch mcconnell's office coming out says last night he called other lead serious. the leader is happy to review what the president has in mind, but to day date the majority has not put forward a plan. jared, is that good they're actually speaking, however far apart as it may sound, at least they're talking? >> it's a bit good. better to be talking than north....
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that joe biden, the negotiations with mitch mcconnell essentially borne fruit. republicans annoyed with that. the tax threshold, that's agreed upon. republicans agree, too. what about this sequester? supposed to be the trigger, supposed to be the apocalyptic scenario that made cuts in spending necessary. otherwise we go over the cliff and there are cuts to defense and domestic programs. the president wants to delay them two months, three yearmonta year. many republicans say, absolutely not. many were angry he chose to have a campaign-style event in the white house complex. mitch mcconnell took the floor of the senate and pretty much calling the president's bluff saying, yes, we have an agreement on taxes. let's go ahead and vote on that. leave the sequester the way it is. that's not going to fly. we have an impasse here. there have been reports that the house of representatives to take whatever passes the senate if something passes and do it a minute after midnight. that scenario of steve and i and all of us talking about voting to cut taxes or not. i'm told rec
that joe biden, the negotiations with mitch mcconnell essentially borne fruit. republicans annoyed with that. the tax threshold, that's agreed upon. republicans agree, too. what about this sequester? supposed to be the trigger, supposed to be the apocalyptic scenario that made cuts in spending necessary. otherwise we go over the cliff and there are cuts to defense and domestic programs. the president wants to delay them two months, three yearmonta year. many republicans say, absolutely not....
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senate minority leader mitch mcconnell and joe biden kept in place to avoid $200 billion in tax increases. broad stroke spending cuts and domestic and defense spending. they would take effect gradually over a period beginning at midnight if the white house and congress can't reconcile their differences. it appeared to have been movement on the cost of living increases for social security recipients. opposition to the white house's proposed rate of increase was dropped but the common ground is even shaky. the fierce disagreement over whether the bush era tax cut with the top income earners should be allowed to expire while middle income earners would see tax relief. the sticking point is over where the income line should be separating those who should continue to see the tax cuts from those who would see them go away. it's about slowing spending and deficit reduction. >> make no mistake. there will be real damage. we'll be squeezing people who deserve better. we'll scramble to find budget reductions in a way that sense. sometime in hours, days, weeks ahead. we will get a semi-balanced smal
senate minority leader mitch mcconnell and joe biden kept in place to avoid $200 billion in tax increases. broad stroke spending cuts and domestic and defense spending. they would take effect gradually over a period beginning at midnight if the white house and congress can't reconcile their differences. it appeared to have been movement on the cost of living increases for social security recipients. opposition to the white house's proposed rate of increase was dropped but the common ground is...
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the republican leader calls joe biden of the bends. -- bench. this is what we have all been waiting for. the republican leader and the vice president have a good working relationship. we saw that last summer. they swooped in and helped make a deal happen. mcconnell's folks said the vice president has been on the sideline. it was an interesting move by mitch mcconnell to try -- to called joe biden today and jump start the negotiations. i think that will be something to watch in the coming hours. how does he play? there are democrats that are concerned he will cut a bad deal. they are feeling pretty good right now. will the democrats hang together across pennsylvania avenue from the white house to congress? a big story line we are watching right now. >> we hear they are coming back, and senator reed wants to bring the senate back. is it likely he will have a deal? >> i wish i could tell you that. if i could, i would be a millionaire. i would be making bets on the starch market. -- stock market. the hope is that there could be some kind of deal. de
the republican leader calls joe biden of the bends. -- bench. this is what we have all been waiting for. the republican leader and the vice president have a good working relationship. we saw that last summer. they swooped in and helped make a deal happen. mcconnell's folks said the vice president has been on the sideline. it was an interesting move by mitch mcconnell to try -- to called joe biden today and jump start the negotiations. i think that will be something to watch in the coming hours....
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stagnated since the late seventy's early eighty's and this labor battle on the east coast is to quote joe biden b f d joining me now is richard wolffe economist and author of numerous books including his latest democracy a work of cure for capitalism after wolf welcome back thank you ray in your mind what does the struggle on the east coast all about. well it's a classic example of a kind of endgame in which years of suppressing wage increases of keeping down the wages of american workers well below the increased productivity they've achieved boosting profits at the expense of the income of workers finally wants to take the last step i mean the dock workers are an unbelievable example forty years ago there were thirty five thousand of them working on the ports of the east coast today there are thirty five hundred that's a drop of ninety per cent they move more freight with fewer people than ever before they work well they work efficiently they won a small piece of the extra productivity their labor generates and corporate profits come first and so they're being squeezed and pressed to make the
stagnated since the late seventy's early eighty's and this labor battle on the east coast is to quote joe biden b f d joining me now is richard wolffe economist and author of numerous books including his latest democracy a work of cure for capitalism after wolf welcome back thank you ray in your mind what does the struggle on the east coast all about. well it's a classic example of a kind of endgame in which years of suppressing wage increases of keeping down the wages of american workers well...
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biden said: me. it's interesting, the senators, the democrats all got together late yesterday, and joe biden went in, and his pitch to the liberals, particularly liberal liberals was -- quote -- "this is joe biden, and i'm your buddy." he was saying this is the best deal you're going to get. you guys got to go for it, and a majority of the democrats did. >> the little smirks and all that, but the fact is he went in there superseding harry reid who wasn't getting anything done. at least something happened. people wanted to see some sort of action. they wanted to know their congressmen who went home for the break would actually do something. >> here's mitch mcconnell on how this thing went together. he doesn't like the way it happened either but it's still done. >> shouldn't have taken us this long to come to an agreement, and this shouldn't be the model for how we do things around here. i know i can speak for my entire conference when i say we don't think taxes should be going up on anyone, but we all
biden said: me. it's interesting, the senators, the democrats all got together late yesterday, and joe biden went in, and his pitch to the liberals, particularly liberal liberals was -- quote -- "this is joe biden, and i'm your buddy." he was saying this is the best deal you're going to get. you guys got to go for it, and a majority of the democrats did. >> the little smirks and all that, but the fact is he went in there superseding harry reid who wasn't getting anything done....
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i do think that joe biden is formidable. he really was our secret weapon out there. >> eleven -- >> ohio, iowa, wisconsin. he lived in those states. >> i'm not betting on andy cuomo over joe biden, a sitting vice president. i know that the rest of this -- >> i would. i would definitely -- >> i'm just saying. >> that's the same argument we made for hillary clinton. well, she's going to have the money. she's got the establishment and all good people around her. andrew cuomo does not come into that race as formidable as hillary clinton looked in 2007. >> what about a republican? how do you prevent a republican primary picture that you guys had, which i think a lot of you folks and romney believe the -- >> look, i think the debates, actually, were -- became a bit of a side show there, and if you looked at the volatility of the electorate at the time and how the -- and how the numbers went up and down based on debate performances and the side show that they became, i think that was something that had a very big effect. i think th
i do think that joe biden is formidable. he really was our secret weapon out there. >> eleven -- >> ohio, iowa, wisconsin. he lived in those states. >> i'm not betting on andy cuomo over joe biden, a sitting vice president. i know that the rest of this -- >> i would. i would definitely -- >> i'm just saying. >> that's the same argument we made for hillary clinton. well, she's going to have the money. she's got the establishment and all good people around her....
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largest gun rights lobby also says the white house gun violence task force led by vice president joe biden may try to undermine the second amendment. 5:0732 degrees. >> still ahead in reston, showing off another amazing holiday display. how it is helping a great cause clear. it's disappointing news for former presi >> welcome back on this tuesday -- monday, december 24, christmas eve. >> how excited are your children? >> teddy wants bill figurines hockey and baseball guys. -- wants the football guys now. it is a chilly start to the day. 5:10 in the belfort furniture weather center. it's 27 in winchester and frederick, 30 in quantico, 33 in manassas. at the freezing mark at reagan national/ light precipitation in moving our way. we will have a light, wintry mix around lunchtime. no accumulation, just enough to get you in the spirit of the season. and that will change the light rain fall in afternoon. damp roads. not expecting any snow accumulations anywhere. 42 today for the high temperature. partly cloudy tomorrow a pleasant christmas day. a good amount of sunshine with highs in the mid 40
largest gun rights lobby also says the white house gun violence task force led by vice president joe biden may try to undermine the second amendment. 5:0732 degrees. >> still ahead in reston, showing off another amazing holiday display. how it is helping a great cause clear. it's disappointing news for former presi >> welcome back on this tuesday -- monday, december 24, christmas eve. >> how excited are your children? >> teddy wants bill figurines hockey and baseball...
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on sunday morning mitch mcconnell calls joe biden. they get together, offers are traded back and forth, and presto, voila, they come up with a deal and they put it on the floor and it sets those thresholds at $400,000 and $450,000 and it's passed at 2:00 last night and so it comes to the house republicans who have met all morning. joe biden incidentally was back on the hill this morning meeting behind closed doors with democrats who are pretty much bystanders to a republican political train wreck at this point. nancy pelosi says the bill representing gigantic progress, that's fine, but this is really on republicans right now. and people are looking at it, i'm already hearing people looking at what house republicans are doing and saying, look, you abdicated your responsibility to write a bill. you punted over to the senate, and now you're going to throw a monkey wrench into this whole thing and make us come back perhaps in a new congress with a clean legislative slate. so it is a very dangerous not only economic situation here that we'
on sunday morning mitch mcconnell calls joe biden. they get together, offers are traded back and forth, and presto, voila, they come up with a deal and they put it on the floor and it sets those thresholds at $400,000 and $450,000 and it's passed at 2:00 last night and so it comes to the house republicans who have met all morning. joe biden incidentally was back on the hill this morning meeting behind closed doors with democrats who are pretty much bystanders to a republican political train...
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never received a response to a republican offer last night and is reaching out to vice president joe biden to kickstart negotiations with the white house at this point. the senator saying fail to go solved the crisis is simply not an option. >> the consequences of this are too high for american people to be engaged in a political messaging campaign. there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. i want everyone to know i'm willing to get this done. but i need a dance partner. >> a dance partner. meanwhile democrats being led by senate majority leader harry reid who says he's cautiously optimistic about reaching a deal but warns there's not much more negotiating that can be done on his end. >> i don't have a counter offer to make. perhaps the day wears on, i will ble to. i will say that i think that the republican leader has shown good faith. it's just we're apart on pretty big issues. >> that was earlier. let's get the latest now because it's changing minute-by-minute.
never received a response to a republican offer last night and is reaching out to vice president joe biden to kickstart negotiations with the white house at this point. the senator saying fail to go solved the crisis is simply not an option. >> the consequences of this are too high for american people to be engaged in a political messaging campaign. there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the...
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vice president joe biden. >>> congress is ending 2012 with a real problem on its hands. >> when the future of the country rests in the hands of 70 and 80-year-olds who have jet lag, it's probably not the best thing. >> the vice president appears to be taking over after a republican counter offer was met by silence. senate majority leader said democrats couldn't respond. >> i'm willing to get this done but i need a dance partner. >> minority leader reached out to the vice president whose years in the senate could help him broker a deal. we're talking something small probably a continuation of the bush era tax cuts and a renewal of long-term unemployment benefits. payroll taxes will go up tomorrow for everyone. a big hit for paychecks and sequester the government spending cuts would still happen. president obama blamed republicans. >> we don't see an agreement and now the pressure is on congress to produce. >> the president talked about making social security cuts a nonstarter for many of his fellow democrats. and they now appear to be off the table. just about any deal congress and the pres
vice president joe biden. >>> congress is ending 2012 with a real problem on its hands. >> when the future of the country rests in the hands of 70 and 80-year-olds who have jet lag, it's probably not the best thing. >> the vice president appears to be taking over after a republican counter offer was met by silence. senate majority leader said democrats couldn't respond. >> i'm willing to get this done but i need a dance partner. >> minority leader reached out to...
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republicans reached out to vice president biden for help with negotiations. meantime, president obama sais he's still cautiously optimistic. nbc's danielle lee is live on capitol hill with the latest. good morning, danielle. >> richard, good morning. the senate will get back to work on this very issue at 11:00 a.m. today. twh they do, they will not have a lot of time to avoid the massive spending cuts and tax increases. democratic leader harry reid says they hope to have an announcement. but at this time, lawmakers say they are still looking at a significant divide, specifically on at what point, what salary should taxes increase. aides say lawmakers did make significant progress over the weekend, specifically on the issue of tax increases for the very wealthiest americans and avoiding the inheritance tax increase and republicans gave up on their demand for social security, cuts to social security to be a part of this deal. democrats have accused republicans of being too stubborn on the issue of tax increases. >> they say their biggest priority is making sure
republicans reached out to vice president biden for help with negotiations. meantime, president obama sais he's still cautiously optimistic. nbc's danielle lee is live on capitol hill with the latest. good morning, danielle. >> richard, good morning. the senate will get back to work on this very issue at 11:00 a.m. today. twh they do, they will not have a lot of time to avoid the massive spending cuts and tax increases. democratic leader harry reid says they hope to have an announcement....
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. >> they launched effort to curb gun violence putting biden in charge of a commission to spearhead that effort pursuing the policy changes. now to talk about that, joining us from austin, texas, karl rove, former senior advisor to president george w. bush. and joe trippi, democratic strategist who points out he was right a lot in 2012. thank you for joining us. talk about the way forward here, karl. how about this commission. how they push forward in washington, the current environment. >> there will be a lot of interest to do something immediately. senator feinstein said that she will reintroduce the assault weapons ban, the first day that congress is back in session in january. commission is a good idea provided it has bipartisan membership and gun control supporters and gun control opponents on it to look at this as a comprehensive issue. we have to be careful moving too quickly. yet, we have to have a comprehensive approach on the commission. i commend the president doing the commission. this could be way to find consensus about useful steps to take. >> joe, what are the key factors
. >> they launched effort to curb gun violence putting biden in charge of a commission to spearhead that effort pursuing the policy changes. now to talk about that, joining us from austin, texas, karl rove, former senior advisor to president george w. bush. and joe trippi, democratic strategist who points out he was right a lot in 2012. thank you for joining us. talk about the way forward here, karl. how about this commission. how they push forward in washington, the current environment....
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mitch mcconnell and joe biden in talks. we will move to the jump page on some of the sticking points in this. democrats oppose it to let the tax cuts expire on incomes over $450,000 a year. host: that from inside "the washington post." ed is on the phone from michigan. good morning to you. caller: good morning, c-span. i have listened to some of what the democrats have said. the way i look at it -- if the rich, if they are worried about 3% raise, one of the middle class and the poor or about the same raise? is it your patriotic duty to pay taxes? if the poor are concerned about their money going down, a lot of energy regulations are coming into effect that will cost electric costs to co-op which will affect the poor just as badly as it is the rich? host: mark from ohio, good morning. caller: all the power was taken from the epa and given to the nra. there is no fiscal cliff. there was another so-called fiscal cliff in 2008. give money to the billionaires and banks. when eisenhower took office, he gutted the military. taxes
mitch mcconnell and joe biden in talks. we will move to the jump page on some of the sticking points in this. democrats oppose it to let the tax cuts expire on incomes over $450,000 a year. host: that from inside "the washington post." ed is on the phone from michigan. good morning to you. caller: good morning, c-span. i have listened to some of what the democrats have said. the way i look at it -- if the rich, if they are worried about 3% raise, one of the middle class and the poor...
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. >> reporter: a possible sign of progress came when vice president joe biden rushed back from delaware to the white house to work the phones and reach out to republican senator mitch mcconnell, someone who he has worked with on many deals over the years. >> we're willing to work with whoever, whoever can help. there is no single issue that remains an impossible sticking point. >> reporter: if these bipartisan talks fail overnight, senate majority leader harry reid says he will push a white house fallback bill that. would raise taxes only on families making over $250,000 a year. it would also extend unemployment benefits for two million americans. that could face an up or down vote in monday's session. >> we'll come in at 11:00 a.m. tomorrow morning and we'll have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> reporter: so much at stake for your wallet because if we go off the fiscal cliff, it will be the largest tax increase since world war ii, not to mention the fact that if there is no deal, the markets may react any avery negative way. at the white ho
. >> reporter: a possible sign of progress came when vice president joe biden rushed back from delaware to the white house to work the phones and reach out to republican senator mitch mcconnell, someone who he has worked with on many deals over the years. >> we're willing to work with whoever, whoever can help. there is no single issue that remains an impossible sticking point. >> reporter: if these bipartisan talks fail overnight, senate majority leader harry reid says he...
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joe biden is meeting with house democrats. the vast majority of them seem ready to support the measure making its way through the house. with the new congress coming in on thursday, if the measure is not passed within that time, it will have to be completely reintroduced in the new congress. republicans are said to me in about five minutes to continue a discussion about whether or not to support the measure that was sent to them by the senate in the early morning hours. some tweaks coming from reporters in the halls of the capital. the political wire says democratic leaders say they will not take up a bill if it is amended by house republicans. "we are done. " a retweet from joe biden says "i think we are going to be fine." a number of different views and issues depending on which party is talking about the fiscal clef. we are going to, of course, keep you updated on the c-span network. in the meantime, take a look back at what senator dick durbin had to say earlier today from the senate floor. >> it was after 2:00 a.m. this m
joe biden is meeting with house democrats. the vast majority of them seem ready to support the measure making its way through the house. with the new congress coming in on thursday, if the measure is not passed within that time, it will have to be completely reintroduced in the new congress. republicans are said to me in about five minutes to continue a discussion about whether or not to support the measure that was sent to them by the senate in the early morning hours. some tweaks coming from...
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Dec 31, 2012
12/12
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at the white house and the vice- president joe biden is playing a direct role in the talks. those crucial talks will resume here on capitol hill today. it is truly the 11th hour as millions of americans will ring in the new year tonight. with a countdown of a different kind living, this deadline that is to have drastic cuts in domestic and military spending and tax increases. the president is trying to broker a deal that would at least reserve tax rates on families with income under $250,000 and extend expiring unemployment benefits. republicans are adamant about keeping the estate tax from going up. over the weekend, a glimmer of hope, but some calling a false hope. republicans did offer something put something on the table, but democrats never countered with their own offer. if there is no deal, we're not only talking about tax increases in 2013, but about 100 million americans would not be able to file their taxes until late march, which, if you guessed it, it would mean refunds would be delayed. >> a lot of crossed fingers. thank you. 29 degrees. still ahead, big hollywo
at the white house and the vice- president joe biden is playing a direct role in the talks. those crucial talks will resume here on capitol hill today. it is truly the 11th hour as millions of americans will ring in the new year tonight. with a countdown of a different kind living, this deadline that is to have drastic cuts in domestic and military spending and tax increases. the president is trying to broker a deal that would at least reserve tax rates on families with income under $250,000...
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Dec 31, 2012
12/12
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the white house says vice- president joe biden is planning a direct role in the talks. these critical talks will resume today here on capitol hill while millions of americans prepare to ring in the new year tonight. there is a countdown of a different kind looming, a deadline that is set to trigger a broad tax increases and drastic cuts in domestic and military spending if nothing else, the president is try to broker a deal that would at least reserve tax rates on families with income under $250,000 and extend expiring unemployment benefits. republicans are adamant about keeping the state tax from going up. an offer was made on the gop side but a counter proposal was never presented. false hope, some say. it is truly the 11th hour. if there is not a deal today we're not only talking about tax increases next year, but about millions of americans who would not be able to file their taxes until late march. you guessed it, that would trigger -- refunds would be delayed, so that could be a problem for about 100 million americans. >> a lot of crossed fingers. thank you. 29 de
the white house says vice- president joe biden is planning a direct role in the talks. these critical talks will resume today here on capitol hill while millions of americans prepare to ring in the new year tonight. there is a countdown of a different kind looming, a deadline that is set to trigger a broad tax increases and drastic cuts in domestic and military spending if nothing else, the president is try to broker a deal that would at least reserve tax rates on families with income under...
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Jan 1, 2013
01/13
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. >> reporter: the two people were senate republican leader mitch mcconnell and vice president joe biden who worked the phones late last night and early this morning after talks between mcconnell and majority leader harry reid stalled. >> discussions continued today on a plan to protect middle class families from the tax increase tomorrow. there are a number of issues on which the two sides are still apart, but negotiations are continuing as i speak. >> reporter: the agreement would set the threshold for extending the bush tax cuts at $400,000 for individuals and $450,000 for families. it would set the tax rate our income people at 39.6%, the rate under former president bill clinton. estates would be taxed at 40% above $5 million for individuals and $10 million for a married couple. unemployment benefits would be extended a year, as would the medicare doc fix and it would permanently fix the alternative minimum tax. a big concern for republicans is there are no new spending cuts. >> history has a way of repeating itself. somehow washington never gets the message and here we are 30 years
. >> reporter: the two people were senate republican leader mitch mcconnell and vice president joe biden who worked the phones late last night and early this morning after talks between mcconnell and majority leader harry reid stalled. >> discussions continued today on a plan to protect middle class families from the tax increase tomorrow. there are a number of issues on which the two sides are still apart, but negotiations are continuing as i speak. >> reporter: the agreement...
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: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. the agreement would permanently extend bush tax cuts to those making under $400,000 and households making $450,000. raise the estate tax at those valued at more than $5 million and extend unemployment benefits for 2 million people. and automatic spending cuts that go into effect will be postponed for two months and paid for by other spending cuts. the house could take up the deal tomorrow. taxpayers would have felt the impact of the fiscal cliff immediately. if the deal passes, the average american family would avoid a tax increase of more than $3,400. a white house official said this is a compromise, so we don't love it but it's the right thing to do for the economy. back to you. >> and the fiscal cliff isn't the only financial crisis the nation could be facing. the u.s. has hit the debt ceiling. the government hit more than $16 trillion borrowing limit last night. that means the treasury department can only shift assets around for another six to eight weeks or the government can no
: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. the agreement would permanently extend bush tax cuts to those making under $400,000 and households making $450,000. raise the estate tax at those valued at more than $5 million and extend unemployment benefits for 2 million people. and automatic spending cuts that go into effect will be postponed for two months and paid for by other spending cuts. the house could take up the deal tomorrow. taxpayers would have...
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Jan 1, 2013
01/13
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joe biden is meeting with house democrats. we are waiting for house democrats to come to the microphone here on capitol hill. in the meantime, we will go back to all of you. marissa in roseville, calif., democratic caller, go ahead. caller: thank you. i do agree with so many of the callers, be they democrat or republican. the bottom-line issue on his particular bill has to do with compromise. i am a senior. do i want my social security to be decreased? absolutely not, but i'm willing to give up a little bit because we all have to give up a little bit as americans. and i'm not happy with the fact that it is $250,000 or more. those who are making $250,000, that is a lot of money. they are kind of rich. but ok, i'm willing to go to $400,000 because it is about compromise. and we have to remind people that we did not get into this fix in the last two years, for years. we got into this fix in the last 30 years. we have two wars that were unpaid for. in order to pay for things, we need to increase revenue. the wars were there. they
joe biden is meeting with house democrats. we are waiting for house democrats to come to the microphone here on capitol hill. in the meantime, we will go back to all of you. marissa in roseville, calif., democratic caller, go ahead. caller: thank you. i do agree with so many of the callers, be they democrat or republican. the bottom-line issue on his particular bill has to do with compromise. i am a senior. do i want my social security to be decreased? absolutely not, but i'm willing to give up...